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Pump.fun Burns $370M in PUMP, Commits 50% of Revenue to Buyback-Burn
Pump.fun said it burned bought-back PUMP worth about $370 million and started a new buyback-and-burn program. Pump.fun said the burned tokens represented 36% of PUMP’s circulating supply. Pump.fun said 50% of net revenue from its bonding curve, PumpSwap, and Terminal will fund automatic open-market buybacks and burns for one year.